[ET Net News Agency, 31 August 2018] Daiwa Research raised its target price for
Guangdong Investment (GDI)(00270) to HK$15.7 from HK$15, but downgraded its rating to
"outperform" from "buy".
The research house said GDI's share price has risen 30% year-to-date, outperforming
peers by 17-46pp. Daiwa sees its 4.4% 2019 yield as less attractive than the sector's
4-5%.
Daiwa estimated GDI to devote HK$5bn pa to capex over 2018-20 on its new water, property
and road PPPs for 5-10% profit growth in 2018-22, while its net cash position should turn
slightly net debt starting from end-2019. Therefore, GDI has revised its DPS growth trend
from 15-20% YoY in 2012-17 to 10% YoY in 2018-22. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00270 GUANGDONG INV
Nominal 
3.480 -0.080 (-2.247%) Others
31/08/2018 17:23
[I-bank focus]Daiwa ups Guangdong Invest (00270) to HK$15.7
| Remark: | Real time quote last updated: 19/04/2024 18:00 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |